26. Amendment of Part 16 of Principal Act (relief for investment in corporate trades)
(1) Section 497 of the Principal Act is amended -
(a) in subsection (3) -
(i) by substituting "B - A" for "A - B", and
(ii) by substituting "is the greater of" for "is the lesser of",
and
(b) in subsection (4) -
(i) by deleting "(in this section referred to as the "relevant issue")",
(ii) by substituting "B - A" for "A - B",
(iii) by substituting "is the greater of" for "is the lesser of", and
(iv) by deleting "before the relevant issue".
(2) Section 502 of the Principal Act is amended -
(a) in subsection (2), by substituting "In respect of shares issued on or before 8 October 2019, a qualifying investor who makes a qualifying investment in a qualifying company shall be entitled, subject to this section, to relief for -" for "A qualifying investor who makes a qualifying investment in a qualifying company shall be entitled, subject to this section, to relief for -",